Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) Sees Significant Decrease in Short Interest

Angel Oak High Yield Opportunities ETF (NASDAQ:AOHY) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 61,732 shares, a decline of 35.2% from the September 15th total of 95,222 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 43,662 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Angel Oak High Yield Opportunities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOHY. Royal Bank of Canada grew its position in Angel Oak High Yield Opportunities ETF by 588.5% in the first quarter. Royal Bank of Canada now owns 12,910 shares of the company’s stock worth $141,000 after buying an additional 11,035 shares during the last quarter. AlphaStar Capital Management LLC bought a new position in shares of Angel Oak High Yield Opportunities ETF in the third quarter valued at $155,000. Worth Asset Management LLC bought a new position in shares of Angel Oak High Yield Opportunities ETF in the second quarter valued at $227,000. Avantax Planning Partners Inc. acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the 1st quarter valued at $244,000. Finally, Lewis Asset Management LLC acquired a new stake in shares of Angel Oak High Yield Opportunities ETF during the 1st quarter valued at $286,000.

Angel Oak High Yield Opportunities ETF Trading Down 0.4%

Shares of NASDAQ AOHY opened at $10.70 on Friday. Angel Oak High Yield Opportunities ETF has a twelve month low of $10.58 and a twelve month high of $11.27. The firm has a 50-day moving average of $10.91 and a two-hundred day moving average of $11.00. The company has a market capitalization of $115.99 million, a price-to-earnings ratio of 2.33 and a beta of 0.20.

Angel Oak High Yield Opportunities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were issued a $0.0628 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Wednesday, September 30th. This is an increase from Angel Oak High Yield Opportunities ETF’s previous monthly dividend of $0.0594.

About Angel Oak High Yield Opportunities ETF

The Angel Oak High Yield Opportunities ETF (AOHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to high-yield fixed-income securities, globally. The fund seeks a high level of current income, and to a lesser extent, capital appreciation. AOHY was launched on Feb 20, 2024 and is issued by Angel Oak.